Investing.com - SK Telecom ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SK Telecom ADR announced earnings per share of 0.7755 on revenue of 4.27B. Analysts polled by Investing.com anticipated EPS of 0.5282 on revenue of 4.28B.
SK Telecom ADR shares are up 23.9% from the beginning of the year, still down 4.62% from its 52 week high of 31.80 set on May 10. They are outperforming the EUR/USD which is down 0% from the start of the year.
SK Telecom ADR shares lost 3.96% in intra-day trade following the report.
SK Telecom ADR follows other major Services sector earnings this month
SK Telecom ADR's report follows an earnings beat by Amazon.com on April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Visa A had beat expectations on April 27 with second quarter EPS of 1.38 on revenue of 5.73B, compared to forecast for EPS of 1.27 on revenue of 5.56B.
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